All thanks and praise to my margin clerks for extending the capital needed to trade out from my grave. At the height this morning I was 170% leveraged long commodity stocks. Stuff like BTU and shippers and grains and all of the wondrous things that are taxing us on a day to day life in America.
Today’s gains are a much needed BOOSTER shot for yours truly. I was feeling somewhat depressed that I had started the year -10%. Those losses have since been erased and I am now barreling through the market place with the kind of style and panache you’d expect from someone of my class and stature.
LOOK AT THE GAINS AND BEHOLD YOUR DICKS AS I ADD TO IT.
How’d I do it? Where was the confidence?
War, gentlemen, war. It looms and it’s all around us and this coming conflagration will result in sharply higher commodity prices. Did you know Belarus was the #3 exporter of Potash? Of course you didn’t — because you don’t work hard.
I’d also like to give a public shout out to my friend Diddy inside Stocklabs, arguably the best trader in there who woke me up last week when I insisted SAAS and other tech stocks were worth chasing down the sewer hole. His statements pertained to the idea of “why chase shit when there is gold on the mantle all shiny and clean for you to take?”
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There’s nothing like input costs being up 1-2% almost across the board on a day interest rates are ramping to remind you that central banks are behind the curve and can’t talk their way out of this one.